Jeff Bishop

With 20+ years of Market experience, Jeff has educated thousands of people how to trade stocks and options. He specializes in selling options & market education

[Jeff Bishop @JBishopTrader]

$QQQ at an inflection point right now on hourly. I'm waiting to see which move it wants to make next.  Maybe in the next hour outside of this range

[Jeff Bishop @JBishopTrader]

My Bullseye trade idea this week was $ARM. I'm glad I took profits when I did. This have been a very tough stock either on short or long side.  I think it is waiting for a real break either above $145 or below $135 for the next move. What do YOU think?

[Jeff Bishop @JBishopTrader]

$COST hasn't been super volatile the last couple of years after earnings reports.

[Jeff Bishop @JBishopTrader]

Here is why trading ranges right now is madness.  How are you supposed to trade a range for more than 2 days?  This is just a month of moves for $QQQ

[Jeff Bishop @JBishopTrader]

$IWM I think this is a very important chart to keep an eye on.  The divergence between rates and the market right now is pretty extreme.  One of these is going to correct soon, and I don't think it is going to be interest rates.  I think IWM is the biggest loser in the high interest rate war.

[Jeff Bishop @JBishopTrader]

Not that it can't close above these levels, but it would be really painful for options sellers. It is bad enough already, but they really need to push this under $715 today at the close.  Market might have other ideas though $NVDA

[Jeff Bishop @JBishopTrader]

I try to not let outside data cloud my vision of the market.  I want to follow price trend, which has clearly been up. But, we need to be sober as traders and realize that this is an exceptional market and this will come to an end at some point. $SPY $QQQ $VIX $NVDA

[Jeff Bishop @JBishopTrader]

$NVDA going to follow $TSLA or headed to $1000 after their next earnings report? Good comparison here at least.

[Jeff Bishop @JBishopTrader]

$HOLO Dang. Look at that beautiful chart.  I can't believe that is just one day.  Look at the Blackbox buy signal @ $2 in premarket too! You don't see too many that are that clean all day long.  No pullbacks at all and tons of liquidity.  This might be one of those that run $100+ soon

[Jeff Bishop @JBishopTrader]

Time to buy $AAPL, $TSLA, $GOOGL... or are those generals dead now?  Only 4 remain?

[Jeff Bishop @JBishopTrader]

$QQQ $AAPL $SPY I find the CTA buying / selling projections pretty interesting lately.  This was spot on in Sept as it predicted the selloff, then in Nov as we saw funds dogpile back into stocks.  Now, we have only slight buying on a rally, but HUGE selling possible on a declining market over Feb.  You know the market always like to do the most painful thing possible....

[Jeff Bishop @JBishopTrader]

Good example of Gamma Trigger I teach in Bullseye Trades.  Led to $10+ move on TSLA so far. $TSLA

[Jeff Bishop @JBishopTrader]

The market loves finding places of "max pain," as you see here in VIX short calls.  if VIX pops > 15 again, we could see a big squeeze and sellers panic and buy VIX, forcing markets lower.  Keep a close eye on that level for VIX.  We were flirting with it today $SPY $UVXY $VIX

[Jeff Bishop @JBishopTrader]

As a bull, I sure don't like seeing charts like this. Asset managers are the most net long they have been in over a decade now. Are they going to keep buying more? $SPY  $VIX  $QQQ

[Genevieve Roch-Decter, CFA @GRDecter]

🚨Container shipping rates skyrocket 173%

Carriers divert +$200 billion in trade from the Red Sea due to Houthi militant threats

Shipping a 40-foot container from Asia to northern Europe now costs over $4,000, up +173%

Supply-chain issues back...

Will inflation re-accelerate?

(Important to note: cost of shipping from Asia to northern Europe AND to Mediterranean cost 2x more than the levels in January 2019, but are still well below their peaks during pandemic)

[Jeff Bishop @JBishopTrader]

The presumptive Republican nominee is on the record saying he "beat the hell out of" Powell, and that he was "not a big fan" and flat out "didn't like him."

[Jeff Bishop @JBishopTrader]

I like how the Fed is playing coy here when we know it's an election year and Powell's job is on the line.

https://t.co/tehLXiMSgZ

[Jeff Bishop @JBishopTrader]

These "round trip" days, where we go from opening red... to green... then back to where started (and below!) are how tops get set in place. This is a good example.

[Jeff Bishop @JBishopTrader]

This is the predicament the Fed has right now. Either

1) They don't cut rates, and the economy could derail and the stock market implodes. Or

2) They cut rates, inflation comes roaring back and won't go away so easily.

[E.J. Antoni, Ph.D. @RealEJAntoni]

History may not repeat, but it rhymes...

[Jeff Bishop @JBishopTrader]

I keep seeing this chart passed around this weekend saying "every time the  Fed cuts rates the market tanks. Every time."  Folks, "every time" is exactly TWO data points.  Let's not fall into scare tactics so easily. $SPY $QQQ